See Home Value
$2,632,797*
Multifamily - Off Market

224 S Broadway

Redondo Beach, CA 90277
bedrooms
Studio
bathrooms
0 Bath
square feet
2137 Sqft
$1,620,000 - $1,980,000
Reference Base Price*
46.27%
Since Jan 1, 2020
National-US
Primary Model

About This Property

Maybe every 5 years this type of property comes up for sale.  There is nothing like this for sale in the beach cities right now.  Total Vintage Charm. Just 2 blocks from the Redondo Beach Pier sits four, 1920's individual beach cottages. All four units are 1 bed with 1 full bath, plus dining area, and own laundry off kitchens, Each cottage with their own yard & porch.  Two units with clawfoot tubs. Original windows and glass. Perfect for a individual or couple. Standalone 2 car garage with 3 car parking spaces in driveway. Attached to garage are 4 separate storage closets. First time on market in 25 years.  This property was originally a 1920's family summer retreat/compound. Additional the property offers a communal hangout to BBQ or just 'be.'  Note: Photos will be added after 10/25.  Per the city, the units may be eligible for the 'Mills Act' to have the property taxes lowered by up to 50%.  That would involve restoring the units to their original glory.  Conversely, it is possible the units can be razed and 3 new attached townhomes can be built.  Detailed financials are available including a 20 year cash flow projection.All units will be unoccupied by December 1, 2019. That makes is very easy to do anything you want with the property.   The units need a lot of TLC, but this property could be an absolute jewel with the right vision.

The manager has listed the unit size as 2137 square feet.
Unit Size
2,137Ft²
Days on Market
-
Land Size
0.17 acres
Price per sqft
$842
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1920

Price History

Date / Event Date Event Price
Jul 30, 2021 Sold to Miho Kurogi $2,350,000
Sold to Miho Kurogi
Dec 13, 2019 No longer available -
No longer available
Oct 23, 2019 Listed $1,800,000
Listed

Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
Townhouse
3 Beds
2.5 Baths
2,090 ft²
$717/ft²
$1,499,000 Jan 11, 2023
-
-
Townhouse
4 Beds
1.5 Baths
2,640 ft²
$567/ft²
$1,498,000 Jan 25, 2023
-
$250/mo
Townhouse
3 Beds
3 Baths
2,839 ft²
$528/ft²
$1,499,000 Jul 22, 2022
-
$1,062/mo
Townhouse
4 Beds
3.5 Baths
3,042 ft²
$649/ft²
$1,975,000 Jun 28, 2022
-
-

Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By
20191023
10/23/2019
Studio
-
2137 ft²
$1,800,000
bedrooms
Studio
bathrooms
-
square feet
2137 ft²
-
-
-
Nick Peters
Engel & Volkers LA-South Bay

Building Info

224 South Broadway Avenue 224 South Broadway Avenue, Redondo Beach, CA 90277
More about this Building
224 South Broadway Avenue
Want to find out who owns 224 South Broadway Avenue, Redondo Beach, CA 90277? Get detailed property transactions here .

About South Redondo Beach


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